CHICAGO—Downtown boosters may have hoped the city was about to score another global headquarters when officials of Peoria, IL-based Caterpillar Inc. said in January that the firm would soon relocate to the Chicago region. But this week, company leaders instead chose Deerfield, IL, a northern suburb, as the manufacturer's new home. Caterpillar reached a multi-year leasing agreement with Corporate 500 office park, and expects about 100 employees to relocate this year, and about 300 people will work at the new headquarters by mid-2018.
The move proves yet again that although the CBD has undeniably become a jobs magnet, there remains an influential group of corporations that prefer suburban offices. These firms, such as Schaumburg, IL-based Zurich North America, have an employee base that has chosen to live in the suburbs.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
